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"Crazy Eddie", the king of Route 17 New Jersey home electronics and fraudster getting his own movie

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DS1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-11-09 01:16 PM
Original message
"Crazy Eddie", the king of Route 17 New Jersey home electronics and fraudster getting his own movie
http://en.wikipedia.org/wiki/Crazy_Eddie


http://www.variety.com/article/VR1118001049.html?categoryid=13&cs=1


Danny DeVito is set to direct "Crazy Eddie," a pic based on the life of consumer electronics king Eddie Antar.

Peter Steinfeld ("21") is penning the script, about the man who launched the successful Crazy Eddie chain in 1971 but wound up serving six years in prison for fraud.

DeVito and Steinfeld have secured Antar's life rights and will produce the film with Isaac Chera and Elliott Azrak, two businessmen who are supplying the development capital. Chera and Azrak grew up around the corner from the first store Antar and his family opened in Brooklyn.

Antar was a pioneer in discount consumer electronics, and Crazy Eddie's grew to 43 stores, fueled by TV ads in which a frenzied pitchman promised prices that were "In-sa-a-a-a-a-ane!" Antar took the company public and briefly became a Wall Street sensation.

He'd been skimming money and falsifying inventory to inflate stock value. Losing control of his company in a hostile takeover, Antar went on the lam after the new owners uncovered his financial shenanigans and the SEC charged him with stock fraud. He fled to Israel -- where he'd deposited millions of dollars -- only to be extradited three years later. He ultimately served a prison term that ended in 1999 and was ordered to pay $150 million in fines.
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StrongBad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-11-09 01:18 PM
Response to Original message
1. Though I was only a kid at the time, I remember those commercials.
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DS1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-11-09 01:20 PM
Response to Reply #1
2. I shopped there!
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musette_sf Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-11-09 01:28 PM
Response to Original message
3. pitchman = Jerry Carroll


he was a DJ at WPIX-FM in NYC in the early 70s, i actually met him a couple of times, as my sister and her pal were fans of another PIX DJ whose air name was Barney Pip. they would drag me with them to the PIX studios upon occasion.
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Orrex Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-11-09 01:35 PM
Response to Original message
4. Can someone comment on the current mental state of his prices?
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Reverend_Smitty Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-11-09 02:02 PM
Response to Original message
5. I remember watching those comercials when I was a kid...
PRICES SO LOW THEY'RE INSANE!!!!!!!!!!!
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lost-in-nj Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-11-09 02:07 PM
Response to Original message
6. I also heard that the stores will be coming back
Edited on Wed Mar-11-09 02:09 PM by lost-in-nj
some company bought the rights to the CE name

It will have nothing to do with the original
just have the name


I used to HATE those commercials

I always thought his fingers were deformed or to long or something


:hi:

you can find ANYTHING you want on Rt.17 or 4

except
narwals ::rofl:

:hide:

lost
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